Inflation and US job data drag on FTSE

Renewed inflation fears and worsening unemployment data in the US dampened markets across the pond and had a knock-on effect on the FTSE 100 before it closed today.

London's leading share index closed up 0.3% at 6,087.38 after a mid-afternoon pull-back, which saw the index lose 14.4 points to 6,070. Traders remained cautious during the day's session, fearing the impact of the adverse US data, so activity was subdued. BAE was the heaviest faller, down 4.16%, followed by Amec and Tullow Oils which slid 2.79 and 2.77 respectively. At the opposite end, Resolution was the top performer, rising 4.95%. The life insurance company's shares are currently quoted at 294.5p, while the second winner of the day was Autonomy Corporation, up 4.22% to £17.03. ...